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Hexagon AB (HXGBY)
OTHER OTC:HXGBY
Holding HXGBY?
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Earnings Data
Report Date
Jan 31, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.13Last Year’s EPS
$0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2024
|% Change Since: 0.21%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While Hexagon is experiencing strong recurring revenue growth and gross margin improvements, challenges remain with declines in sales across certain divisions and persistent market weakness. The potential spin-off of ALI is a strategic move aimed at maximizing value, indicating a proactive approach to market conditions.Company Guidance
During the Q3 2024 earnings call for Hexagon, key guidance metrics were provided regarding the company's strategic and financial outlook. Hexagon reported sales of EUR 1.3 billion, down 2% organically, while recurring revenues grew by 7% to EUR 565 million. Gross margins improved to 67% compared to 65.5% in the previous year, attributed to innovation and operational enhancements. The operating margin stood at 29%, with cash conversion at 70% for Q3 and expected to remain within the 80-90% guidance range for 2024. The company announced plans to potentially separate its Asset Life Cycle Intelligence division into a new entity, NewCo, projected to have EUR 1 billion in sales and market-leading margins. This separation aims to create two distinct public companies, enhancing focus and value creation. Hexagon anticipates this process to take 12 to 18 months, subject to board and shareholder approvals. Despite short-term demand challenges, particularly in construction and China, Hexagon remains optimistic about its growth prospects into 2025, driven by strong recurring revenue and strategic initiatives.Potential Spin-Off of ALI
Hexagon is evaluating the separation of the Asset Life Cycle Intelligence division into a new company, NewCo, to create additional value for stakeholders.
Strong Recurring Revenue Growth
Recurring revenues rose by 7% to EUR 565 million, showcasing strong growth across divisions.
Gross Margin Improvement
Gross margins increased to 67% from 65.5% year-over-year, supported by innovation and operational improvements.
Sustainability Targets Approved
Hexagon's greenhouse gas emission reduction targets were approved by the Science Based Targets initiative.
Key Customer Wins
Significant projects include a win with the Malaysian Emergency Response Services and a follow-on order with BYD in China.
New Product Launches
Launch of the ATS800 absolute tracker and a new motorized 3D measurement tool, AICON, expected to drive future growth.
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HXGBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HXGBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 25, 2024 | $9.59 | $9.97 | +3.96% |
| Jul 26, 2024 | $10.26 | $9.92 | -3.31% |
| Apr 26, 2024 | $11.10 | $10.90 | -1.80% |
| Feb 01, 2024 | $10.95 | $11.23 | +2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hexagon AB (HXGBY) report earnings?
Hexagon AB (HXGBY) is schdueled to report earning on Jan 31, 2025, Before Open Not Confirmed.
What is Hexagon AB (HXGBY) earnings time?
Hexagon AB (HXGBY) earnings time is at Jan 31, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HXGBY EPS forecast?
HXGBY EPS forecast for the fiscal quarter 2024 (Q4) is $0.13.
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